S&P 500 Movements Today: Chip Stocks Drop as SoftBank Divests Nvidia Shares; Paramount Skydance Rises
Nvidia Stock Takes a Hit Amid Investor Sales On Tuesday, semiconductor stocks were under pressure as significant investors sold off their Nvidia shares, the most valuable tech company globally. In contrast, shares in the media and entertainment sector saw an uptick after announcements of cost-cutting and investment strategies. Major U.S. stock indices closed with mixed […]
San Francisco State University Surrenders to Pro-Palestinian Activists, Divests from Arms Manufacturers
Pro-Palestinian students rejoiced on August 29, 2024, when San Francisco State University (SFSU) announced it would divest from three arms manufacturers for failing to meet “human rights standards.” NBC Bay Area Reported The three companies are Lockheed Martin, Palantir Technologies, and Leonardo. The divestment decision comes after weeks of protests by pro-Palestinian students, who “camped […]
Texas divests $8.5 billion from BlackRock, citing firm’s ‘destructive’ ESG push
The state of Texas notified investment management firm BlackRock on Tuesday of its plans to cancel an $8.5 billion investment, citing the company’s “disruptive” environmental, social and governance initiatives. fox business report. Texas State Board of Education Chairman Aaron Kinsey told news outlets that the Texas Permanent School Fund, which previously invested in BlackRock, will […]
Texas Divests $8.5 Billion from BlackRock over Anti-Fossil Fuel Policies
Texas announced Tuesday it would sell $8.5 billion from asset management giant BlackRock over the company’s anti-fossil fuel policies. Republican State Board of Education Chairman Aaron Kinsey Said The $53 billion Texas Permanent School Fund (PSF) has issued a formal notice to BlackRock that it is “terminating financial management of approximately $8.5 billion in Texas […]